In theory, if you bought last Friday and sold on Monday, then you SHOULD keep the rights.
However, if you actually did that, your broker may net off the settlement so that the registry would never know that you owned the shares at all.
However, its not true that you necessarily have to keep them until the record date. It is only necesary that you be on the register at the record date.
For example, if you bought on October 31 ( last Friday ), the trade would settle next Thursday and you would be on the register the following Monday (10th ).
If you then sold , say, next Thursday ( before the record date ) , you would still be on the register on the 10th so you would keep the rights. Thats because your sell trade next Thursday would also have effect onto the share register AFTER the 10th.
MRE Price at posting:
59.6¢ Sentiment: Hold Disclosure: Held
